Affordable Loans for Affordable Housing ALFAH Section 108 Program Training 3/25/26

The City of Detroit held a training session on March 25, 2026, to introduce the Affordable Loans for Affordable Housing (ALFAH) program under the Section 108 loan guarantee program administered by HUD. The session detailed the new low-interest loan products designed to support affordable housing development, including short-term acquisition loans, acquisition mini-perm loans, construction-to-permanent loans, and tax credit equity bridge loans. Presenters explained the loan terms, eligibility criteria, compliance requirements such as Davis-Bacon prevailing wage rules, environmental reviews, and the multi-step application and approval process involving city underwriting, HUD review, and city council approval. The program aims to increase affordable housing production by providing financing with favorable terms secured by future Community Development Block Grant (CDBG) allocations. The training also covered coordination with other funding sources, compliance obligations, and anticipated timelines for application openings and loan closings. Attendees were encouraged to engage with city staff for pre-application guidance and to monitor updates via the city's website and email notifications.